Pinetree Capital Ltd.TSX: PNP

Pinetree grants options to directors and officers

· Issued by Pinetree Capital Ltd. via CNW
TORONTO, Oct. 12 /CNW/ - Pinetree Capital Ltd. (TSX:PNP) today announced
that it has granted 250,000 options to an officer of the Corporation. The
options are exercisable at $3.35 per share and are for a term of five years.